It's reliant on technology called Avalon that will ship with Longhorn. Microsoft last week released a technical specification for Metro and plans to license the technology, based on XML, at no charge.More details about the Metro format at InformationWeek
Microsoft plans to replace PDF with Metro

Last week Microsoft announced a new file format that will become an integrated part of Longhorn, named Metro. It will likely become a tough rival for Adobe's popular PDF format as Metro is a combination of a file format, document viewer and page description language.